14
Feb

Wrap – Week Ended 2/14/20

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First week since the week ended January 3rd that WTI closed green as the Big 3 reporting agencies all cut their global demand estimates roughly as expected and China's teapots began to bargain hunt. EIA also retraced January's forecasting moves, lowering it's outlook for all future quarters for oil and natural gas production estimates. More to come.  Notably, EIA now sees natural gas production as having peaked in 4Q19 and we're showing slightly up to slightly down net supply depending on the week (injections are going to be smaller than some think).
We made a number of adds to the portfolio this week. The Blotter is updated.
We had no free pieces this week but these are not stale:
Questions and comments under The Wrap will be addressed in the Tuesday post (enjoy the long weekend).

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9 Responses to “Wrap – Week Ended 2/14/20”

  1. 1
    zman Says:

    CHINESE HOSPITALS DISCHARGE 9,419 RECOVERED PATIENTS OF CORONAVIRUS INFECTION – GT

  2. 2
    zman Says:

    Interesting reading watch

    https://www.dexerto.com/cars/bill-gates-explains-the-main-problem-with-electric-cars-after-buying-one-1328723

    Summary:
    1) price tag
    2) range and recharge time
    3) insurance price tag

  3. 3
    zman Says:

    IRAN WILL NEVER HOLD TALKS WITH ITS LONGTIME FOE, THE UNITED STATES, UNDER PRESSURE, PRESIDENT HASSAN ROUHANI SAID IN A TELEVISED NEWS CONFERENCE ON SUNDAY, ADDING THAT TEHRAN’S HELP WAS ESSENTIAL TO ESTABLISH SECURITY IN THE MIDDLE EAST.

  4. 4
    zman Says:

    IRAN ROUHANI: IT MAKES NO DIFFERENCE TO IRAN WHICH PARTY COMES TO POWER IN US ELECTIONS. IRAN WILL ONLY HOLD TALKS WITH US ADMINISTRATION IF THEY RETURN TO JCPOA AND LIFT THE SANCTIONS.

  5. 5
    zman Says:

    https://bnonews.com/index.php/2020/02/the-latest-coronavirus-cases/

  6. 6
    Baylor Says:

    Maybe time to start leaning more towards electric companies vs upstream focus? Collapse in NG prices don’t seem to be being passed on to customers in reduced bills so they have to be making enormous profits

  7. 7
    zman Says:

    re 6 – we’re 40% renewables now. 2 of top 5 names are wind.

  8. 8
    zman Says:

    re 6 – electric companies as in utilities? Not my area. Totally different set up how they get paid and not necessarily more profits as they are regulated on what they can charge. NEE (unowned) is the clean energy utility many in that space are focused on. Opposite of CA based utilities.

  9. 9
    zman Says:

    So well said you’d think Fareed was a subscriber. Sanders’ plan is completely infeasible:

    https://www.cnn.com/videos/tv/2020/02/15/exp-gps-0216-fareeds-take.cnn

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